Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Dec 2, 2009 21:33
Comments: 475
View Hot-Chart
This thread was started in response to the Hot-Chart:

Aussie Dressed up but where to Go?

 
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PippedOff
Canada
Posted Anonymously
15 years ago
Feb 9, 2010 19:30
Took yesterday off after booking early Asia profits.

Turned out to be a good move as I walk in and to my amazement, euro at 1.3850, etc.

I am short euro, sterling, eur/gbp, Gold, gbp/jpy and long usd/cad.

No rate hike in U.S. this year. Yhe Goldman-backed Fed would not dare risk stockmarket back to 6700. The enire false U.S. recovery is based on rising unemployment and rising stocks. LOL! What fools would be long equities?
chloethebull
Posted Anonymously
15 years ago
Feb 9, 2010 19:26
hey pippedoff where ya been?what ya playn these days?i;ve decided to sit out til i feel more comfortable with certain issues..bernake rate hike..greece ...portugal..usdcad had some prety big swings today i had a short order in @1.0760 got close to it then it droped in 15min to 1.0655 then in minutes ran back to 1.0700..so until things settle out im on the side lines..ashraf seams very confindent in eurusd goin to 1.3200 so i might play that over usdcad..am i correct to think if greece gets a bailout that will strenthn the eru or weeken it?also what should i look for when bernake attends meeting if he changes his language on rate hike,theres been so much talk about that issue but ashraf i think has now said there will be no rate hike in q4...thanks have a nice day
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 9, 2010 18:40
No
patriot
UK
Posted Anonymously
15 years ago
Feb 9, 2010 18:22
PippedOff - Are you confusing the National Bank of Australia with the Reserve Bank of Australia?
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 9, 2010 15:42
Callum-what do you expect the Australian Bank to say? The truth? That "our" currency is going to .85 first, then .82?
Callum
Singapore, Singapore
Posts: 179
15 years ago
Feb 9, 2010 2:59
NAB (National Australia Bank) updated it forecast on the AUD/USD to reach 90 levels by end of Q1, and dollar parity by June this year. NAB have changed their initial dollar parity to reach Q1 to June this year, and expect the year to end at 97 to accommodate for the sell-off.

Either NAB know something that most of us don't, but the AUD/USD at least to me doesn't look all that healthy, either on the technical front, fundamentally based on the risks from China and Euro zone, and while commodities are breaking key support levels.

Are they really on something here?
Callum
Singapore, Singapore
Posts: 179
15 years ago
Feb 9, 2010 2:52
@Asad, I am also waiting for a breakout, expecting a potential breakout post tomorrow's earning announcement ;-) Also, these 2 be most hit _when_ Gold takes a nose dive to low 1,000 levels, at which time they could for the moment offer a good LONG on these shares with potentially better gains than the AUD.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 8, 2010 23:37
[Not sure what happened there: that should have been "less than 20 min" - must have taken the less than sign and the number as a special character or something]
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 8, 2010 23:35
@Callum: Those two look pretty solid from what little I know. The FT was writing about them today, funnily enough.

There is a guy on Trade2Win (Mr_Charts.) who exclusively trades US stocks, and describes a very simple short-term method for doing this in his thread there. I'm thinking of giving it a try, in parallel with FX, and commodities. Will probably do the stocks in a separate account to minimise confusion. The style is very different to what I do now with FX and commod. It involves short-term (e.g. ង min) trades taking a chunk out of an established trend. Not scalping though. Very simple in principle. Very profitable in practice, apparently, if you find the right stocks. Combination of fundamentals and technicals (not very technical, really).
asad
London, UK
Posted Anonymously
15 years ago
Feb 8, 2010 19:06
Callum,

You could be my mate if you love Rio & BHP! ;) Talking of commodities, keep your eye...and buy-finger...on copper. It's set to explode in the coming weeks. No marks for guessing - China...


Asad
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